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2023
Flag → Flag
Exports $510MRnk 30 / 198
2023
Flag → Flag
Top Product $373MPassenger and Cargo Ships
2023
Flag → Flag
Exports $648MRnk 32 / 217
2023
Flag → Flag
Top Product $406MPassenger and Cargo Ships
2023
Flag
Economic Complexity (ECI) ECI 1.12Rnk 23 / 132
2023
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Economic Complexity (ECI) ECI 1.13Rnk 22 / 132
2023
Flag  
GDP$381BCURRENT US$
Rnk 39 / 195
2013-2023
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GDP GROWTH38.1%CURRENT US$
Rnk 97 / 195
2023
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 GDP$407BCURRENT US$
Rnk 35 / 195
2013-2023
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GDP GROWTH18.1%CURRENT US$
Rnk 146 / 195
2023
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GDP PC $50,532CURRENT US$
Rnk 25 / 195
2013-2023
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GDP PC GROWTH31.6%CURRENT US$
Rnk 75 / 195
2023
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GDP PC$68,454CURRENT US$
Rnk 14 / 196
2013-2023
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GDP PC GROWTH11.5%CURRENT US$
Rnk 129 / 195

About

Hong Kong-Denmark Trade: In 2023, Hong Kong exported $510M to Denmark. The main products that Hong Kong exported to Denmark were Passenger and Cargo Ships ($373M), Buses ($14.3M), and Light Fixtures ($6.64M). Over the past 5 years the exports of Hong Kong to Denmark have increased at an annualized rate of 26.2%, from $160M in 2018 to $510M in 2023.

In 2023, Hong Kong did not export any services to Denmark.

Denmark-Hong Kong Trade: In 2023, Denmark exported $648M to Hong Kong. The main products that Denmark exported to Hong Kong were Passenger and Cargo Ships ($406M), Packaged Medicaments ($38M), and Microphones and Headphones ($9.9M). Over the past 5 years the exports of Denmark to Hong Kong have decreased at an annualized rate of 4.93%,  from $835M in 2018 to $648M in 2023.

In 2020, Denmark exported services to Hong Kong worth $1.86B, with Transportation ($1.78B), Other business services ($24.8M), and Computer and information services ($21.9M) being the largest in terms of value.

Comparison: In 2023,  Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B). That same year, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Hong Kong exported $510M to Denmark. The main products exported from Hong Kong to Denmark were Passenger and Cargo Ships ($373M), Buses ($14.3M), and Light Fixtures ($6.64M). During the last 5 years the exports of Hong Kong to Denmark have increased at an annualized rate of 26.2%, from $160M in 2018 to $510M in 2023.

In 2018, Denmark exported $648M to Hong Kong. The main products exported from Denmark to Hong Kong were Passenger and Cargo Ships ($406M), Packaged Medicaments ($38M), and Microphones and Headphones ($9.9M). During the last 5 years the exports of Denmark to Hong Kong have decreased at an annualized rate of 4.93%, from $835M in 2023 to $648M in 2018.

Exports from Hong Kong (Flag) to Denmark (Flag) (2023)

Exports from Denmark (Flag) to Hong Kong (Flag) (2023)

Latest Data

Trade between Hong Kong (Flag) and Denmark (Flag)

Hong Kong Exports

Denmark Exports

Market Competitiveness

Color
Hong Kong
Top DestinationChina$25.3B
Denmark
Top DestinationGermany$14.8B

This map shows whether countries import more from Hong Kong or Denmark. Each country is colored based on the difference in imports they receive from Hong Kong and Denmark or the difference in the growth in imports.

In 2023, countries that imported more from Hong Kong than Denmark included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

In 2023, countries that imported more from Denmark than Hong Kong included Germany ($14.8B), Sweden ($11.2B), and United States ($12B).

Difference in imports from Denmark (Flag) and Hong Kong (Flag) (2023)

Comparative Advantage Hong Kong - Denmark

Flow
Scale

This chart compares trade between Hong Kong and Denmark by product, considering products traded by both, Hong Kong and Denmark.

During 2023, Hong Kong had a large net trade with Denmark in the exports of Transportation ($388M), Machines ($49.1M), and Instruments ($14.7M).

During 2018, Denmark had a large net trade with Hong Kong in the exports of Transportation ($409M), Machines ($62.8M), and Chemical Products ($53.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hong Kong Denmark+$9.17MTelephones
Top Product Potential Denmark Hong Kong+$21.5MPackaged Medicaments

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2020, Denmark exported services to Hong Kong worth $1.86B, with Transportation ($1.78B), Other business services ($24.8M), and Computer and information services ($21.9M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Denmark (Flag) to Hong Kong (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Hong Kong and Denmark. This means that a dot/product with the flag of Hong Kong indicates it has a comparative advantage over Denmark. Similarly, a dot/product with the flag of Denmark indicates it has a comparative advantage over Hong Kong.

Product Space of Hong Kong (Flag) and Denmark (Flag) (2023)

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